SCHOOL LOGO

Assessment Task
Grade 7
Term 1
Time: 1½ uur
Marks: 50
Examiner:
Instructions:

Read the following instructions carefully before answering the questions.

1. This CASE STUDY consists of TWO questions and covers the following topics:
 Needs and Wants.
 History of money and banking.
2. Answer ALL the questions.
3. Read each question's instructions carefully and note what is required.
4. Write your name and grade in the space provided.
5. Answer all the questions in the space provided.
6. Use the mark allocation below to answer each question.
7. Write neatly and legibly.
8. Good luck!

NAME..........................................................................................
GRADE: .....................................................................................
QUESTION 1: NEEDS AND WANTS
1. Answer the following questions.
1.1. Differentiate between needs and wants. (4)
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
1.2. Use the columns below to indicate which items can be classified as needs or
wants. Indicate your answer with a  (5)

DESCRIPTION NEEDS WANTS

1.2.1 Carla is buying herself the newest fashion
shoes.
1.2.2 John struggles to afford food and has to beg for
food to survive.
1.2.3 People in rural settlements live in basic housing
facilities.
1.2.4 Sharon is going for a manicure once a month.
1.2.5 Mary has no running water in her house and has
to fetch it from a communal source.

1.3. People have different needs in the family. Fit the description in column B with
the need in column A. (5)

ANSWER COLUMN A COLUMN B

1.3.1 Emotional needs. A: Religious and Spiritual beliefs.
1.3.2 Social needs. B: Education and Learning.
1.3.3 Creative needs. C: Praise, Love, Trust, Security.
1.3.4 Spiritual needs. D: Dancing, writing, art and sport.
1.3.5 Intellectual needs: E: Companionship and friendship.

COPYRIGHT© EASY! 2023 2

1.4. Read the following scenario and answer the questions that follow.

Themba is living in a rural settlement close to the river. They do not have
running water and they are collecting drinking water from a tank nearby.
The tank is the property of the municipality and is not always filled with
water and the taps are leaking. The water in the river is used for washing.
Themba has dreams of building a big house with a swimming pool and
running water.
His grandma is a very religious person and is always encouraging him to
follow his dreams. She is also attending the local church every Sunday.

1.4.1. Identify from the scenario how any one basic need of the family is fulfilled.(2)
.............................................................................................................................
.............................................................................................................................
1.4.2. Name any want that Themba dreams of every day. (1)
.............................................................................................................................
............................................................................................................................
1.4.3. The religion of the grandma and the need to go to church on Sundays form
parts of the ....................................................... needs. (1)
1.4.4. Name two areas of improvement from the scenario that can be implemented to
help the community. (2)
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................

Total question 1: 20

COPYRIGHT© EASY! 2023 3

QUESTION 2: HISTORY OF MONEY AND BANKING

2. Answer the following questions:

2.1. Explain what the term bartering means. (2)
................................................................................................................................
................................................................................................................................
................................................................................................................................
2.2. Name ONE advantage and ONE disadvantage of bartering. (4)
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
2.3. Give clear definitions of the following: (10)
2.3.1. Promissory notes.
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
2.3.2. Cowry shells.
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
2.3.3. EFT.
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
............................................................................................................................
2.3.4. ATM.
.............................................................................................................................
.............................................................................................................................

COPYRIGHT© EASY! 2023 4

 .............................................................................................................................
.............................................................................................................................
2.3.5. Debit card.
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
.............................................................................................................................
2.4. Name THREE advantages or disadvantages of electronic banking. (6)
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
2.5. Explain any FOUR roles(functions) of money. (8)
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................
................................................................................................................................

Total question 2: 30

GRAND TOTAL : 50

COPYRIGHT© EASY! 2023 5